Finance

Finance Axis Bank is all set to buy FreeCharge for Rs 400 crore
Author: 0 Axis Bank is all set to buy FreeCharge for Rs 400 crore

Axis Bank's emergence as the frontrunner to acquire FreeCharge was first reported by ET on July 8. While adding to the conversation, Axis Bank's chief financial officer Jairam Sridharan told the media that the acquisition might double their customer base of the bank leapfrogging its digital journey by years.

Finance Samsung announces Record $9.7 billion profit in the last quarter
Author: 0 Samsung announces Record $9.7 billion profit in the last quarter

That's net income of about 18% on $54.8 billion of revenue, and a very healthy margin for a company that is in the fickle consumer electronics business. The sales revenue of the company's mobile division is also up 13 per cent to 30 trillion won following the good public reception of the latest Galaxy S8 and S8plus high-end models, but its operating profit was reduced due to an increase in component costs.

Finance HTC announces new VR headset for China
Author: 0 HTC announces new VR headset for China

HTC, the Taiwanese brand responsible for the mighty fine and mighty expensive Vive, is working on a new stand-alone VR headset which is said to be based on Qualcomm's all-in-one reference design. The Snapdragon 835 also offers inside-out positional tracking features, albeit a bit more constricted than what PC-powered VR headsets are capable of.

Finance Well Done LLC Continues to Hold Stake in Coca-Cola Company (The) (KO)
Author: 0 Well Done LLC Continues to Hold Stake in Coca-Cola Company (The) (KO)

They expect $0.57 earnings per share, down 5.00% or $0.03 from last year's $0.6 per share. KO's profit will be $2.43 billion for 19.79 P/E if the $0.57 EPS becomes a reality. Coca Cola Femsa S.A.B.de C.V. has a one year low of $59.44 and a one year high of $91.85. The Firm owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and ...

Finance Citigroup:Blue Apron Holdings (APRN) Valuation Insights
Author: 0 Citigroup:Blue Apron Holdings (APRN) Valuation Insights

They set an "equal weight" rating and a $7.50 price objective for the company. As such, Mahaney initiates coverage on APRN with an Outperform rating and a price target of $10, which indicates a near 35% upside from current levels. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/07/25/blue-apron-holdings-inc-aprn-receives-new-coverage-from-analysts-at-morgan-stanley.html.

Finance UniCredit hacked: Italy's largest bank says 400000 customer account details breached
Author: 0 UniCredit hacked: Italy's largest bank says 400000 customer account details breached

The attacks first occurred in September and October last year and then again in June and July of this year. UniCredit says data of approximately 400,000 customers in Italy is assumed to have been impacted during these two periods. The bank said it was filing a criminal complaint with prosecutors and is taking action to close the breach. In addition, UniCredit will be contacting affected customers through specific channels, not including email or phone calls.

Finance Chipotle Mexican Grill, Inc. (NYSE:CMG)
Author: 0 Chipotle Mexican Grill, Inc. (NYSE:CMG)

It has underperformed by 8.14% the S&P500. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00. ( CMG ) by 10.66% based on its latest 2016Q4 regulatory filing with the SEC. The stock rose 1.91% or $6.51 reaching $346.49 per share. Therefore 27% are positive. Chipotle Mexican Grill Inc . had 162 analyst reports since July 22, 2015 according to SRatingsIntel.

Finance Lagos Building Collapse: Death Toll Rises To 8
Author: 0 Lagos Building Collapse: Death Toll Rises To 8

After nearly 24 hours of rescue operation at the site of a collapsed building in Lagos Island, eight dead bodies were recovered while 15 occupants were rescued. The increase in death toll was confirmed by the spokesman of the National Emergency Management Agency, Ibrahim Farinloye. Tiamiyu said that erection of a telecommunication mast very close to the building contributed to the collapse.

Author: 0 Barrick Gold Corporation (ABX) Raised to Hold at Berenberg Bank

It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. ABX has been the subject of a number of other reports. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.22 billion. Next quarter's EPS is forecasted at $0.18 and the next full year EPS is projected to be $0.75.

Finance Oil Climbs From Seven-Week High on Signs US Stockpiles Plunged
Author: 0 Oil Climbs From Seven-Week High on Signs US Stockpiles Plunged

Supplies Seen Lower that Saudi Arabia will cap shipments at 6.6 million barrels a day in August, 1 million lower than a year earlier, Energy Minister Khalid Al-Falih said. The joint session of OPEC and the non-OPEC meeting was held later in the day. In addition, Nigeria agreed to limit its production by curbing its output from 1.8 million bpd once it stabilises to that level.

Finance UK Financial Watchdogs Expand Manager Accountability Rules
Author: 0 UK Financial Watchdogs Expand Manager Accountability Rules

The rollout will see asset managers becoming directly accountable for giving investors value for money, turning the regulatory screw further on the sector. This mirrors how the approved persons regime applies to these firms at the moment. Jonathan Davidson, executive director of supervision - retail and authorisations at the FCA, said: " Culture and governance in financial services and its impact on consumer outcomes is a priority for the FCA".

Finance Ford beats on second-quarter earnings
Author: 0 Ford beats on second-quarter earnings

Hackett, who had run the company's mobility efforts, is tasked with reshaping the automaker in the face of declining sales across the industry in the USA and potential competition from deep-pocketed tech companies. Ford Chief Financial Officer Bob Shanks attributed the beat to a lower-than-expected tax rate. Bill Ford said then he wants Hackett, the tech-talking "change agent", to "re-energize" the company by moving faster than his predecessor, Fields, in realigning the business to maximize ...

Author: 0 Diehard Bargain Hunter: CommScope Holding Company, Inc. (COMM), Physicians Realty Trust (DOC)

Cramer Rosenthal Mcglynn Llc increased Vornado Realty Trust ( VNO ) stake by 20.65% reported in 2016Q4 SEC filing. Swiss Commercial Bank invested in 32,400 shares or 0% of the stock. They expect $0.12 EPS, up 271.43% or $0.19 from last year's $-0.07 per share. On 11/17/2016 Tommy G Thompson, Director, bought 14,400 with an average share price of $18.04 per share and the total transaction amounting to $259,776.00.

Finance Oil tanker association ends strike, petrol supply to restart today
Author: 0 Oil tanker association ends strike, petrol supply to restart today

He said the oil supply will be started by four pm. Sources said the two sides agreed to increase the freight rate of oil tankers and to resolve all other issues within 15 days. Pakistan has 10 to 11 days of oil stock reserves but many service stations were shuttered and carried "Petrol Finished" signs following panic buying in the nation of almost 200 million people.

Finance Home Prices Continue to Rise as Inventory Remains Tight
Author: 0 Home Prices Continue to Rise as Inventory Remains Tight

The S&P CoreLogic Case-Shiller NSA home price indexes for May increased by 5.7% year over year for the 20-city composite index and by 4.9% for the 10-city composite index. Using Census Bureau data for 2011 to 2015, it is possible to compare these three cities to national averages. Nationally, the figure is 64%. The indices - one closely watched barometer of the housing market's health - were updated Tuesday morning.

Author: 0 Cal-Maine Foods, Inc

Huntington Savings Bank holds 400 shares. Philadelphia Trust has 103,605 shares for 0.35% of their portfolio. Ls Investment Limited Liability Com holds 0% or 1,098 shares. The rating was upgraded by BB&T Capital to "Buy" on Monday, August 31. Cal-Maine Foods had a negative net margin of 4.55% and a negative return on equity of 5.67%.

Finance DCLG considers banning 'unfair' leaseholds on new-builds
Author: 0 DCLG considers banning 'unfair' leaseholds on new-builds

Enough is enough. These practices are unjust, unnecessary and need to stop. His ground rent of £320 a year would double every 10 years and he had to pay a fee of £10,000 to the freeholder if he wanted to carry out major improvements. Mr Javid added: "Any such charges need to be fair and transparent". Developers are under fire for leasehold practices as the government reveals plans to tackle unfairness in the housing market.

Finance Hunter Man Charged Over Road Rage Incident
Author: 0 Hunter Man Charged Over Road Rage Incident

Police are investigating dash cam footage from a "road rage-related assault" in Lake Macquarie. Sams is seen clutching her head while she enters the passenger seat of the auto. Dwayne Pillidge who captured the altercation, posted the footage to the Dashcam Owners Australia Facebook page, suggesting "I don't care what your reason, it is not ok (sic) to hit a woman".

Finance Investors Sell Freeport-McMoran, Inc. (FCX) on Strength on Disappointing Earnings
Author: 0 Investors Sell Freeport-McMoran, Inc. (FCX) on Strength on Disappointing Earnings

Welles Wilder, is a momentum oscillator that calculates the speed and change of price movements. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. News that the mining company is progressing in talks with the Indonesian government regarding a permit dispute for its Grasberg mine is also helping to overshadow an earnings miss - though the company did swing to a quarterly profit.

Finance Coca-Cola shares rise after earnings beat expectations
Author: 0 Coca-Cola shares rise after earnings beat expectations

Keough holds 8,968,000 (0.21% of shares outstanding) and Barry Diller holds 1,736,000 (0.04% of shares outstanding). Hedge funds have recently added to or reduced their stakes in the stock. Coca-Cola Company (The)'s payout ratio is presently 103.50%. TRADEMARK VIOLATION WARNING: This piece was originally posted by Community Financial News and is owned by of Community Financial News.

Finance Drake has got a massive tattoo of Lil Wayne on his arm
Author: 0 Drake has got a massive tattoo of Lil Wayne on his arm

Drake's baffling collection of tattoos just got a little more baffling. Obviously one to pay homage to the people who inspired him, Drake's latest tattoo is of Young Money founder, Lil Wayne , who gave him his big break. Obvious question: can he make Lil Wayne smile when he flexes? Should Weezy repay the favor & get a Drizzy tattoo? The two rappers go way back, the elder signing the younger emcee to his label, Young Money Entertainment, in 2009.

Finance India vs Sri Lanka 1st Test Prediction, Match Preview & Playing 11
Author: 0 India vs Sri Lanka 1st Test Prediction, Match Preview & Playing 11

India's seasoned opener Murli Vijay is not playing this series due to wrist injury, another opener KL Rahul has been ruled out of the first test owing to viral fever. India: 1 Shikhar Dhawan , 2 Abhinav Mukund , 3 Cheteshwar Pujara , 4 Virat Kohli (capt), 5 Ajinkya Rahane , 6 Hardik Pandya, 7 R Ashwin , 8 Wriddhiman Saha (wk), 9 Ravindra Jadeja , 10 Mohammed Shami , 11 Umesh Yadav .

Finance ITV H1 ad revenue down 8%
Author: 0 ITV H1 ad revenue down 8%

ITV executive chairman and interim CEO Peter Bazalgette said the overall numbers were in line with expectations and that the strategy of re-balancing the business is working. Through the end of May, ITV networks' share of viewing grew, but the company ended the first half flat as June past year included the benefit of the European Championship soccer tournament.

Finance Hyundai Motor posts double-digit fall in Q2 profit
Author: 0 Hyundai Motor posts double-digit fall in Q2 profit

The automaker's net income has not fallen below 1 trillion won ($892 million) since 2010 when it adopted worldwide accounting standards. The operating profit for the cited period also fell 57.8 percent on-year to 102 billion won, with sales plunging 16.5 percent to 1.2 trillion won from a year earlier.

Finance United Kingdom sees 'notable slowdown' in growth as Brexit risk hits spending
Author: 0 United Kingdom sees 'notable slowdown' in growth as Brexit risk hits spending

UK GDP growth has "muddled through" in the second quarter hitting 0.3 per cent, according to the ONS first estimate, in line with consensus expectations. The economy is forecast to grow 0.3 percent sequentially in the second quarter after rising 0.2 percent in the first quarter. On an annual basis, GDP grew by 1.7 per cent in the second quarter of 2017, compared with the same period previous year.

Finance New Rs 200 Notes All Set For Release
Author: 0 New Rs 200 Notes All Set For Release

Now, with almost 80% of the currency in circulationg reaching pre-demonetisation levels, the need for Rs 2000 note stands diminished. The Reserve Bank of India is unlikely to print more Rs 2000 notes in the current financial year, but has stepped up printing of other denominations, said a Livemint report.

Finance Emraan Hashmi and Sunny Leone turn up the heat — NEW SONG ALERT
Author: 0 Emraan Hashmi and Sunny Leone turn up the heat — NEW SONG ALERT

But, this latest dance number featuring Sunny Leone doesn't get anywhere near the expectations. Baadshaho song Piya More: Emraan Hashmi and Sunny Leone are turning up the heat. "I'm glad that it eventually is this song that we're doing together". Producer Sandeep Singh says, "Sunny is an extremely hardworking, down to earth artist and a very humble person".

Finance Gold Settles With a Slight Loss, Ending Its Streak Of Gains
Author: 0 Gold Settles With a Slight Loss, Ending Its Streak Of Gains

The monetary policymaking body of the Federal Reserve wraps up two days of meetings Wednesday. Dollar selling took the upper hand in early trading, sending the USA currency below ¥111. Expectations that the European Central Bank would begin phasing out its easy monetary policy sooner rather than later have supported the common currency this month.

Finance NASDAQ ends at record closing high ahead earnings season
Author: 0 NASDAQ ends at record closing high ahead earnings season

Technology stocks, though, added to their big gains for the year and helped push the Nasdaq composite to another record. The Dow Jones Industrial Average declined by 66 points to 21,513. The Federal Reserve's policymaking committee begins a two-day meeting on Tuesday, following its decision last month to raise short-term interest rates for the third time since December.

Author: 0 UN warns of escalation if no Jerusalem mosque solution by Friday

Friday's Israeli deaths occurred hours after three Palestinians were killed in violence prompted by Israel's installation of metal detectors at entry points of the al-Aqsa Mosque compound in Jerusalem . "All other Israeli measures at Al-Aqsa are rejected". If cameras are used, that could still spark Palestinian opposition. "We have taken the necessary measures against the attacks planned on synagogues and temples in our country", he told the parliamentarians.

Finance In West Hollywood, Social Media Star Jake Paul's Antics Stir Up The
Author: 0 In West Hollywood, Social Media Star Jake Paul's Antics Stir Up The

Disney has parted ways with a YouTube star days after a local television news report that revealed some of his Los Angeles neighbors were fed up with his stunts. "The neighbors hate me". As a contributing social editor, Jake will work with the team to create comedy and music content similar to what we're used to seeing him produce.

Finance Willie Desjardins to lead men's Olympic hockey team for Canada
Author: 0 Willie Desjardins to lead men's Olympic hockey team for Canada

There may not be any NHL players participating at the PyeongChang Olympics, but two-time defending hockey champions Canada have plenty of NHL experience in their management and coaching staffs. "The goal is always to field the best possible team in all upcoming competitions, including this February when we hit the world's biggest sporting stage in Pyeonchang".

Finance President Trump says Yellen, Cohn are contenders for next Fed Chair
Author: 0 President Trump says Yellen, Cohn are contenders for next Fed Chair

Economists continued to expect that the federal funds rate would peak in this cycle at 3 percent. The trends in the Fed's key mandate data have been clear throughout the summer: incremental improvements in the labor market, along with an inflation rate that has been sinking lower and continues to fall well short of the Fed's long-run target.

Finance House Committee Wants Tech CEOs to Testify Over Internet Access Rules
Author: 0 House Committee Wants Tech CEOs to Testify Over Internet Access Rules

The Federal Communications Commission is moving toward a vote as soon as September to void much of the current rules of the road for the internet, although officials on Tuesday didn't offer a firm timeline for a decision. The Internet Association, a group representing Facebook, Google , Microsoft Corp and Twitter Inc, said last week it was "open to alternative legal bases for the rules, either via legislative action codifying the existing net neutrality rules or via sound legal theories ...

Finance Girl Scouts add 23 STEM badges
Author: 0 Girl Scouts add 23 STEM badges

Per the Associated Press , CEO Sylvia Acevedo hopes the new badges will inspire girls to "think like a maker" - to feel that they can influence the technology landscape rather than simply participate in it. "At the kindergarten age, to let them see that they can program a robot is a game changer for them", Girl Scout outreach coordinator Lydsey Mackie said.

Finance United Kingdom Plans to Ban Diesel, Petrol Cars Sales From 2040
Author: 0 United Kingdom Plans to Ban Diesel, Petrol Cars Sales From 2040

Campaigners said the measures were promising, but more detail was needed. Ministers were ordered to produce new plans to tackle illegal levels of harmful pollutant nitrogen dioxide after the courts agreed with environmental campaigners that a previous set of plans were insufficient to meet European Union pollution limits.

Finance Nielsen to count viewers for Hulu, YouTube live TV services
Author: 0 Nielsen to count viewers for Hulu, YouTube live TV services

As the number of people who watch TV via streaming services continues to surge, Nielsen will begin to track how many viewers are getting their live TV from Hulu and YouTube , the AP reports. "There are now more platforms that are becoming available for live streaming". Nielsen calculates traditional TV ratings based on data gathered from a panel of thousands of households.

Finance Seagate Technology Shares Crater On Earnings Shortfall
Author: 0 Seagate Technology Shares Crater On Earnings Shortfall

The firm has "Neutral" rating given on Wednesday, January 25 by Mizuho. Jefferies maintained the stock with "Hold" rating in Thursday, July 20 report. Seagate shares have climbed 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. 85 funds opened positions while 129 raised stakes.

Finance Lhota's big plan to fix the subway
Author: 0 Lhota's big plan to fix the subway

On June 29, the governor announced a " state of emergency " for the agency, which involved suspending procurement rules in an effort to speed repairs and secure funding more quickly. The plan comes three weeks after Cuomo gave Lhota until July 31 to draft a "reorganization plan" that would identify what the state agency needs to bring its various systems up to a state of good fix.